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FOX Business
Feb 20, 2013 10:00pm EST
furlough if the sequester were to take effect. pentagon officials, however, confirm that those furloughs would not begin until april at the earliest and that furloughed employees would be asked to miss one day of work per week for 22 weeks. the reality of sequestration is that it represents a very small portion of overall government spending, no matter how dramatic or how grim the president projects the consequences. fox news chief political correspondent carl cameron has our report. >> these cuts are not smart, not fair. >> six business days and counting to $85 billion in across-the-board federal spending reductions. defense bases in 8 percent cut d other agencies reduce spending five to 6%. as part of the over three and half trillion dollar federal budget for this yearlone the $85 billion sequester cuts amount to a tinylice. only just under two and a half%. government spending is average 20% of annl u.s. economic activity. even after the sequestster cutst will be 22% this year, 10 percent higher than the average for the last seven decades. government spending is still projected to rise
FOX Business
Feb 6, 2013 10:00pm EST
for delay in implementing the sequester. the pentagon later i quit the request to stop the march first defense cuts from becoming reity, but senate and house republicans have altogether different view. fox news chief legal correspondent has our report. >> republicans made a pair of big statements today. the house g.o.p. today passed a measure: the president dismissed to congress by april 1 a budget that balances in 10 years. increasingly frustrated that the solution to decades of deficit spending is more taxation. >> the president doesn't believe we have a spending problem. he believes spending causes economic growth. if that were true, the economy today would be thriving. it isn't thriving. washington has to deal with its spending problem. i watched him kick the can down the road, i have had enough of it. >> a day after they dismissed the suggestion to again postpone tens of billions of dollars of mandatory spending cuts and other departments blooming under what is sequestration the defense secretary renewed his dire warnings. >> my greatest concern today is that we are putting our na
FOX Business
Feb 21, 2013 9:20am EST
us. he's not happy about how this is being handled at the pentagon. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. more "likes." more tweets. so, beginning today, my son brock and his wle team wi be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better if we just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a contest online to be ceo for the day. how am i supposed to run a business here without an office?! [ male announcer ] fast, reliable deliveries worldwide. fedex. stuart: sony unveiled play station 4 last night or did they? the new console has enhanced graphics, the ability to play a game while it's down loading. but they never showed the actual console. didn't tell us how much it is going to cost or when it is going to go on sale, and so
FOX Business
Feb 21, 2013 10:00pm EST
pentagon's budget. telling the huffington post, i am in favor of the sequestered. it is tough on things that i care about a lot, but the fact of the matter is, you are not going to get another chance to cut the defense budget in the way that it needs to be cut. white house officials disagree. as does the outgoing defense secretary leon panetta warned such deep cuts could leave america with as second-rate military. lou: you will remember republicans were furious before the election and the white house s not cplying with the warrant act which is a law that basically says employers need to warn employees about upcoming furloughs. the white house pushed back on all of that. now they are releasing those for loan notices. remember, people the 30-60 days in some cases on notices, which means these furloughs will take place until late april even though the sequester is supposed to take effect on march 1st which means they will have to find other cuts to replace all that says the actual notices were delayed. lou: thank you. ed henry, fox's chief white house correspondent. republican governor ric
FOX Business
Feb 22, 2013 7:00pm EST
cuts than making the proper military decision, though a pentagon spokesman told fox this was totally done by the book that this was about saving money and not about political drama. lou? >> thank you very much, ed henry, chief white house fox news cor responsibility. the first guest attests firsthand to the lack of urgency and accountability in washington. concerning the sequester, former senator scott brown, a fox news cricketer, great to have you with us. >> great to be on, lou. lou: turn to the hoer row show the president is trodding out. seemingly every person in the administration given the opportunity to go out in front of cameras to scare the american people. what do you think of it? >> well, it's a broken record strategy. it's something i heard the last three years. they put something forth, give it a great title, but when you read the bill, it's not what it's moment to be. we saw sequestering if you remember because we tried to avoid default and make sure the credit rating agencies didn't lower the credit rating, came up with what they considered draconian cuts, harry reid a
FOX Business
Feb 19, 2013 7:00pm EST
are expressing outrage at the pentagon's new metal to honor drone pilots in troops engaged in cyber warfare far from the battlefield. this new model called the distinguished warfare metal actually has a higher ranking and the bronze star and, of course, the purple heart medals given for bravery and in the case of the purple heart commodes in battle. the pentagon says the metal reflects the changing nature of warfare in the 21st century. the veterans groups say something else. i will repeat it here. my next guest wrote an investigative report on the september 11th attack at the u.s. consulate in libya. among the shocking claims, currency to five current cia nomination john burnett plans to raise that may have lead to retaliation and benghazi and the death of four americans. former u.s. navy seal. former u.s. army ranger, green beret. authors of the new e-book entitled benghazi, the definitive report. >> a situation where the u.s. unit's ad agencies were operating in benghazi. a lot of cases not communicating with each other. special operations command conducting these rates, putting
FOX Business
Feb 7, 2013 7:00pm EST
people do every do and confirm from the pentagon knew was in charge with the state department or urgent -- but leon panetta says it is not 911 that when your people are in danger that is more than 911. lou: john bolton serving the government to hear the secretary of defense to realize the outcry and a need warhol from the ambassador and officials from the government as a 911 call and department of defense can respond, how upset were you? >> i was beyond upset and speechless to what the testimony showed. it revealed incompetence at the top of the obama administration that is breathtaking. the president not concerned with americans under attack, secretary of state's all day long never once called to ask what might be done? the idea secretary not aware for request for satiric -- security saying can we help you out? nobody is hauled in this administration with national security. not just the failure of benghazi on negative benghazi but exposing the risk of facilities, citizens and their country to attacks worldwide. these people and not doing their jobs. >> the senior people are not
FOX Business
Feb 25, 2013 1:00pm EST
about 2 percent per department. gillette said the pentagon needs to five will round up these numbers -- 100 new soldiers. his limited tiring 98? of course not. he hires the full 100 but less somewhere else, like maybe janitors that west pointer in the pentagon, not to become the pentagon and not to pick my friends a west point, but the point is, the president has executive authority to make sure the government works properly. in fact, he is required to make sure it works properly. his of says, he promises faithfully to execute the office of president of the united states. that word faithfully is in the constitution, and it is in his of to make sure that the government works, that he does not use government agencies to harm his political opponents and help his political supporters. after eight. ashley: that good faith to me because their role in it for their own political gain, the political part, and they're not always making decisions. >> i'll tell you this. if the president of the united states of america furloughs a sufficient number of tsa agents so that we have to wait five hour
FOX Business
Feb 22, 2013 9:00pm EST
is. th pentagon as stuff for a long time is sicily eve major corporation has been attacked by the people's liberation army. so what the chinese are doing is looking for their asymmetric point advantage. they cannot match as in conventional forces and nuclear forces are made it -- naval forces, so they're going after our vulnerability, reliance on information technology. they're way ahead of us in this area. gerri: the president put out an executive order. some vines are something silly. >> sillies exactly right look. dealing with commercial espionage is apiece through legal means, we have to understand that for china, russia, other countries, this is a form of warfare. i'm not suggesting that the government takeover information security, but i think there are areas where government private-sector cooperation here is important. how to create defenses and for the government, what kind of offense cyber capability we need to deter the chinese and others from doing ts. gerri: there are all kinds of different levels. there is out endowed intellectual property theft. there is, you know,
FOX Business
Feb 23, 2013 1:00am EST
killed 1,000 people because pentagon officials say these people a terrorist? yes, says the american government and former u.n. ambassador john bolton says it is morally right to kill these people with drones and we are safer because of it. does not seem morally right. take the word of some government officials that this guy is a terrorist and send a machine to kill him and to kill civilians along with him. >> well, the whole point of the war on terror from the perspective of the terrorist is to abuse the rules we have tried to create over hundreds of years to separate the combatants from innocent civilians. so the war on terror is different from traditional state to state war. the commander-in-chief authority vested by the constitution in the president gives in the direction over the were capabilities of the united states. his efforts both in the bush and obama administration to go after the terrorist, i think is entirely justified both by the constitution and by our inherent right of self-defense. john: american kill anybody anywhere? >> of course not. listen to what i just said. t
FOX Business
Feb 22, 2013 12:00am EST
declared war on pakistan. ascends drones that killed 1,000 people because pentagon officials say these people a terrorist? yes, says the american government and former u.n. ambassador john bolton says it is morally right to kill these people with drones and we are safer because of it. it does not seem morally right. take the word of some government officials that this guy is a terrorist and send a machine to kill him and to kill civilians along with him. >> well, the whole point of the war on terror from the perspective of the terrorist is to abuse the rules we have tried to create over hundreds of years to separate the combatants from innocent civilians. so the war on terror is different from traditional state to state war. the commander-in-chief authority vested by the constitution in the president gives in the direction over the were capabilities of the united states. his efforts both in the bush and obama administration to go after the terrorist, i think is entirely justified both by the constitution and by our inherent right of self-defense. john: american kill anybody anywhere? >
FOX Business
Feb 19, 2013 11:00am EST
to spend elsewhere. dagen: selling drones to our allies. we will take you live to the pentagon. take a look at some of those stock plays in that sector today. drone stalks. ♪ dagen: every 15 minutes, we try. stocks now. >> it is the highest level ever. we will bring you straight to the board. it is up 6%. volume is pretty good. the s&p 500 is up for seven weeks in a row. we have only seen that happened 22 times. as we are right now at 1527, we are 49 points from our highest level ever in history for the broader market. connell: thank you very much, lauren. the republican party looking for essentially a bigger business model. ideas on how to put it together. >> you set the bar very high. connell: this is about youth voters. the president basically dominated the youth vote. voters under 30. we will talk in a moment about how he fixes that. you have three specific ideas. this is a problem that a lot of people have set up. the republican party was kind of outdated, the money ball era of politics are here. you have three ideas. understand how media consumption has changed. >> for
FOX Business
Feb 7, 2013 9:20am EST
number of years, that is not our number, that is a pentagon number. [talking over each other] david: it is a complex subject. i think you deserve, you owe it to the viewers to give a more complete analysis when you talk about the polar bears. all of the numbers are not in. >> the numbers that are not in our where the ice is going in the future. david: and talking about the polar bears. the numbers are not in there. some people see the polar bear population growing. bob, always a pleasure to see you. appreciate you coming in. we have news developing on apple. david einhorn urging apple to do more with its billions of dollars of cash on hand. the last i thought they had about $150 billion of cash. a lot about his overseas. people want to put that to work. we were expecting a big jump in apple. nicole: it traded as high as 463 and change. here it is at 458.70. still posting a gain. when david einhorn speaks, everybody begins to listen. he certainly has a lot to say for these companies and apple, obviously, is moving that went to the upside. the dow is now down about 57-point and the nasdaq
FOX Business
Feb 26, 2013 1:00pm EST
, same level of deficit spending but give the pentagon, give others much more flexibility to minimize impact, minimize hurt versus maximizing it which is basically the last setup now. ashley: we're out of time. thank you so much. senator vitter thanks for joining us, we appreciate it. >> thanks, ashley. ashley: thank you. tracy: yeah. interesting right, that he and warren are on the same page. ashley: yes. very bipartisan effort there. too big to fail. tracy: still there. ashley: yep. tracy: more solid numbers on u.s. housing. is the recovery for real? s&p's david blitzer who help put together's today's case-shiller report will weigh in next. he doesn't think so. ashley: plus martha stewart's newest legal battles. will she have to rebuild her image again? that story coming up. but first as we do every day at this time, look how oil is trading. market is trading higher but the oil is starting to drop again at $92 a barrel. we'll be right back [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ]
FOX Business
Feb 14, 2013 1:00pm EST
years. period. >> as you know, tracy, half of those spending cuts would be in defense, in pentagon spending. trace? tracy: certainly will. tell us what is going on with chuck hagel to be the next defense secretary. we're hearing that is on rocky ground, huh? >> a lot of high drama in that today. tomorrow democratic leader harry reid scheduled a vote on the nomination and republicans are threatening to filibuster it. now this would be the first time that in history we believe that, if it is successful that a cabinet nominee will have been filibustered. some republicans want more information about benghazi which senator hagel testified on. they want more information about some controversial speeches that he may have made. and there is, though there is some talk that perhaps, while they try to work through the process, and avoid the filibuster vote which could be embarrassing they might end up delaying it until congress comes back from its recess. trace? tracy: drama in d.c. peter barnes. who would have thought. ashley: just for a change. tracy: who would have thought. ashley: thank y
FOX Business
Feb 27, 2013 12:00am EST
benefit itself. most of the problems we have in terms of the pentagon budget are not a problem of mismanagement at the pentagon or at the department of defense. it is a problem of misallocation of resources from the front end. let me give you one example of that. soviets during the cold war had a saying better is the enemy of good enough. they would look at the military equipment, if what they had was good enough to do the job they would not overpay for something better. here in the states we have serious problem overpaying for equipment that is more than adequate for the job that is required. a perfect example of that is the f-35. you i am a retired naval aviator. i spent 20 years fly for the united states navy, 3500 flight hours. if the navy would capable or run its own purchase program the navy wouldn't go anywhere near the f-35 because it cost 2 1/2 times as much f-18 for only marginal increase in capability. melissa: let me start you there. i'm all in favor of cutting spending. >> gotcha. melissa: one. my favorite things in the world except when we're talking about handbags.
FOX Business
Feb 26, 2013 7:00pm EST
the very first time he was in office, he issued gag orders at the pentagon where nobody could even talk about the implications of those cuts. and his latest this week, he issued again memorandums that tell people they cannot talk about the reality of the cuts that are there. lori: we do have some quantitative data from the department of treasury, congressman, on the rate of defense spending, and we do know that it has risen of the last decade by 54%. that is inflation adjusted, obviously we have had it worse in iraq in afghanistan. obviously george w. bush was the president, but it also includes the increase in defense spending and the president obama. there is a case to be made, there is a lot of fat and the department of defense. cuts need to be made. it is i time. >> laurie, there is no question about that. there is that the department of defense and we're working on that in the to continue to work on that. sequestration is not going to get the fat. it is getting a programs that we desperately need doing in an arbitrary way. let me just address that 54 percent figure that you ta
FOX Business
Feb 5, 2013 10:00pm EST
hundreds of thousands of jobs in jeopardy from classrooms to the pentagon and defens contractors like lockheed martin which today announced hundreds of layoffs. mr. obama said damage can be stopped if only republicans will instead accept the white house final offer from last december, meaning of to $600 billion more tax hikes through cutting deductions plus cuts to medicare and other programs. >> my health care proposals to achieve the same amount of savings by the beginning of the next decade as the reforms that have been proposed by the bipartisan bowles and sent this commission which republicans were not amused the president added is live of and around this anti house majority leader eric cantor was delivering a big speech. specific spending cuts and no knew tax hikes to shut off the sequester. >> there is no greater moral imperative then to reduce the mountain of debt that is facing us, our children, and there's. >> white house officials say they have been specific about $350 billion in medicare cuts. when asked when the president does not meet the deadline for unveiling his budge
FOX Business
Feb 26, 2013 8:00pm EST
. the pentagon says more than half of the air force aircraft will be grounded in to demands but after a decade in which they increase there budget by 70 percent could you pay for maintenance with some of that? neil: more like 850 billion not 85 billion. >> somebody is exaggerating. >> with the senate appropriation committee of the jobs are at risk, not that the rubber rooms are closed but the jobs are at risk in trying to scare people about the firefighters about losing their jobs. neil: like i am a risk of being thin is always a worry but where does this go? alice rivlin touched on this but stable spend like crazy so everyone needs to be alcoholic at the a meeting to say i am misspending pollack and i will admit that and move on but we're so interested how we got here we're not dealing with the real issues to get us out. >> right. ball sides are behaving with children
FOX Business
Feb 27, 2013 10:00pm EST
pentagon employees that the united states cannot dictate to the world. should engage and lead with allies. joining us is andrew mccarthy, former federal prosecutor who convicted the blind sheik and is the author of spring fever, the grand war how islam and the left sabotage america. great to see you. >> good to see you. lou: chuck opposed. republicans beating him up and for what? voted for him. >> is very hard to understand what that was all about. you know, they had an opportunity to blacken. i must say, if you're going to have a confirmation hearing in the result of the confirmation hearing ideology aside is that the guy seems like he is simply not up to the job, a reason why the framers said that he would disqualify someone and, in fact, gave the advice and consent responsibility to the senate. lou: i was talking with senator bill i have immense respect for. in termm of leading the republican party right now, the confusion in both the house and this senate coming up with a five page draft to turn over constitutional powers of the purse to the president for the remaining seven months of
FOX Business
Feb 4, 2013 1:00pm EST
now can't even twitter. melissa: a shortage of qualified workers hurting the pentagon's efforts. we will introduce you to a man training the next generation of cyber security experts. ♪ . ... . . . ... melissa: time now for stocks. as we do every 15 minutes, let's head to the floor of the new york stock exchange. nicole petallides is standing by. what are you watching right now? >> i'm looking at both the market and merck on a day where you have the drug index lower. the markets overall, dow jones industrials are below 14,000 which we hit on friday. today we're sitting at 13,891. so all three major averages are pulling back indeed. we're taking a look at merck. at this post it is down over 2%. it is one of the worst performers on the dow. it was cut at morgan stanley, bmo. i will delve into the morgan stanley a little bit. they're worried about the drug study on vytorin will fail. so it is likely to pull back if that is the case. back to you. melissa: nicole, thank you. lori: recent cyber attacks on major u.s. countries has the white house weighing tougher action against china. pe
FOX Business
Feb 28, 2013 1:00pm EST
one has a 100% grip on this. what's going on in the pentagon is being mirrored down the line as people are figuring out how to take the cut. they'll do the cuts in the most responsible fashion. that's the problem. lori: i understand. treasury had figures on defense spending in ten years. it's risen 54% in the last decade, a real increase. inflation adjusted, and obviously, two wars. that increase actually includes money spent under president obama too. a 2% overall federal budget cut, small potatoes, and considering it increased by that much in that period of time, there's a lot of fat in the military. >> well, i'm not sure if it's fat, but it is -- these are requirements that people saw that were funded by congress. everything was approved. every requirement was justified. every dollar in that defense program multiple layers. the administrators and bureaucrats said we need this. >> the sequesteration in development was designed to be so ridiculous cuts would never happen. are there better cuts for defense? do you have recommendations that make more sense than the punitive cuts
FOX Business
Feb 26, 2013 4:00pm EST
furloughs, the a lot of services that will be forgone of course the military, the pentagon, the joint chiefs and so forth make clear what the implications will be to national security. it is a bad picture that is painted. liz: if it is not appropriate to properly, at least to the treasury, could the president say, we're willing to look in 85 billion in cuts just appropriated differently. now? >> there is no amount of flexibility or difference of appropriation and adjustments. install, forgo the kind of economic damage to national security damage that will occur if the sequesters on and will we need to do, we need to come around to doing and what congress ought to do is put forward a balanced approach that avoids all of that. it is not necessary for us to have to feel the economic pain that would be entailed. our economy has been moving along at an upward rate at least , pick up that pace. what will be a shame is tiffany's is why congress to rescind an as gears. that will be a self-inflicted wound that we should avoid. liz: less talk about other things that are -- coming to a groundswe
FOX Business
Feb 14, 2013 4:00pm EST
, medicaid, pentagon acquisitions, the postal service. but the gal has added two others to the list this time around. which covers operations vulnerable to waste and fraud and abuse and mismanagement. the first is the government's overall management of programs that deal with weather events and possible climate change, and disaster relief programs.ce the gao is not weighing in here on the science of climate change just a financial risk to taxpayers of these programs, which are paid out well over several years. also weather satellite systems, which the gao says are not being managed well enough to ensure good weather tracking and warnings. >> the folks at the gao give us a to do list. high risk ways of wasting money. you don't have to be liberal or conservative. no one wants to waste money. >> the one piece of good news, the computer geeks at the irs have now made enough existing fixes to the agency's troubled 10 billion-dollar computer modernization program to finally get it off the list. it went on the list in 1995. eighteen years and has been on this list. david: it was nice to se
FOX Business
Feb 4, 2013 8:00pm EST
years ago they hacked in army's computer system in pentagon shutting down the e-mail. this is not new, titan rain code name, you know there is two types of government agents in u.s., those who have been hacked by china, and those who don't know they have been hacked this happens roughly a hundred times a day, attacks coming in from china from all sorts of places mostly guangdong province, this is say military effort. charles: michelle. no react, i rarely hear anything from washington in a political realm we hear china manipulating currency but no one talked about this which seems more dangerous? >> it is a same we don't see this obama administration holding countries accountable. when we belief that this is state sponsored, we're not tracking about useless information, we're talking about our country intellectual property our secrets, you know it has a lot to do with the organization itself and the department, you see study after study show a lot of people in i-t believe that majority of people in i-t believe that cyber security improvement believes that the policy that the organizati
Search Results 0 to 49 of about 58 (some duplicates have been removed)